economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative …

This paper analyses the stochastic properties of and the bilateral linkages between the central bank policy rates of … the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques … estimated to be above 1, ranging from 1.26 (US) to 1.48 (UK), with the single exception of Japan, for which the unit root null …

-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain …

) and stock market log prices and returns in the case of Japan over the period from January 2009 to February 2024 using …